Armstrong World Industries, Inc. (NYSE:AWI) Short Interest Up 12.4% in January

Armstrong World Industries, Inc. (NYSE:AWI) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 540,500 shares, an increase of 12.4% from the December 31st total of 480,800 shares. Based on an average daily trading volume, of 204,500 shares, the days-to-cover ratio is currently 2.6 days. Currently, 1.3% of the shares of the company are short sold.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Loop Capital raised their price target on Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Truist Financial raised their price objective on shares of Armstrong World Industries from $148.00 to $162.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Jefferies Financial Group raised their price objective on shares of Armstrong World Industries from $121.00 to $122.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. StockNews.com upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Finally, Evercore ISI lifted their price target on shares of Armstrong World Industries from $127.00 to $140.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $140.83.

Hedge Funds Weigh In On Armstrong World Industries

Several hedge funds and other institutional investors have recently made changes to their positions in AWI. Tealwood Asset Management Inc. grew its position in Armstrong World Industries by 0.8% in the 4th quarter. Tealwood Asset Management Inc. now owns 9,287 shares of the construction company’s stock worth $1,313,000 after purchasing an additional 71 shares during the last quarter. OneDigital Investment Advisors LLC lifted its stake in shares of Armstrong World Industries by 4.3% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,864 shares of the construction company’s stock worth $245,000 after acquiring an additional 76 shares during the period. Blue Trust Inc. lifted its stake in shares of Armstrong World Industries by 5.9% in the 3rd quarter. Blue Trust Inc. now owns 1,428 shares of the construction company’s stock worth $188,000 after acquiring an additional 79 shares during the period. US Bancorp DE lifted its stake in shares of Armstrong World Industries by 13.9% in the 3rd quarter. US Bancorp DE now owns 672 shares of the construction company’s stock worth $88,000 after acquiring an additional 82 shares during the period. Finally, Sanctuary Advisors LLC lifted its stake in Armstrong World Industries by 1.7% during the fourth quarter. Sanctuary Advisors LLC now owns 5,687 shares of the construction company’s stock valued at $865,000 after purchasing an additional 97 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Armstrong World Industries Stock Down 1.0 %

Shares of NYSE:AWI traded down $1.47 during midday trading on Monday, hitting $149.54. 240,101 shares of the company’s stock traded hands, compared to its average volume of 196,902. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. The company has a market cap of $6.52 billion, a PE ratio of 26.37, a P/E/G ratio of 1.64 and a beta of 1.19. The firm’s fifty day moving average price is $149.41 and its two-hundred day moving average price is $139.16. Armstrong World Industries has a twelve month low of $99.63 and a twelve month high of $164.40.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc, together with its subsidiaries, engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas. It operates through Mineral Fiber and Architectural Specialties segments. The company offers mineral fiber, fiberglass wool, metal, wood, felt, wood fiber, and glass-reinforced-gypsum; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings, walls, and facades for use in commercial settings; and manufactures ceiling suspension system (grid) products.